Postgraduate Course: Industrial Organisation (ECNM11014)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | The aim of this course is to provide students with advanced training in the theory of industrial organisation; as well as to understand the practical implementation of these ideas from a policy perspective in the consideration of firm behaviour within markets. This will provide students with the skills to study industrial organisation further, and to engage in the application of competition policy.
The course will be taught using a combination of academic lectures that explore the theory of industrial organisation, combined with discussion from practitioners based at the CMA concerning the relevant policy for the topic under consideration and its practical implementation within real market settings.
Students will be expected to engage with both the theoretical and policy aspects of the class, and successful completion of the assessment will require mastery of both.
This course will give you training in the theory of industrial organisation, unique insight into how a Competition Authority works, and allow you to assess this practice in light of the economic theory underpinning the ideas. It will act as ideal preparation for a career as an industrial economist, in competition policy, and for a PhD exploring contemporary issues in industrial economics and/or competition policy. |
| Course description |
The course will be taught using a combination of academic lectures that explore the theory of industrial organisation, combined with discussion from practitioners based at the CMA concerning the relevant policy for the topic under consideration and its practical implementation within real market settings.
Students will be expected to engage with both the theoretical and policy aspects of the class, and successful completion of the assessment will require mastery of both.
This course will give you training in the theory of industrial organisation, unique insight into how a Competition Authority works, and allow you to assess this practice in light of the economic theory underpinning the ideas. It will act as ideal preparation for a career as an industrial economist, in competition policy, and for a PhD exploring contemporary issues in industrial economics and/or competition policy.
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Information for Visiting Students
| Pre-requisites | Students should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
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| High Demand Course? |
Yes |
Course Delivery Information
|
| Academic year 2024/25, Available to all students (SV1)
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Quota: None |
| Course Start |
Block 4 (Sem 2) |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 18,
Summative Assessment Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
78 )
|
| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
|
| Additional Information (Assessment) |
The course is formally assessed by one two-hour examination in the April/May diet. |
| Feedback |
Not entered |
| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Main Exam Diet S2 (April/May) | | 2:00 | |
Learning Outcomes
On completion of this course, the student will be able to:
- Develop an understanding of basic industrial organisation models that capture the incentives firms face, and their behaviour, in a range of market settings.
- Understand how these models can be used to consider firm behaviour, and the consequences of this behaviour, in particular circumstances related to mergers, collusion, price discrimination, and when faced with ¿behavioural¿ consumers.
- Develop an understanding of how industrial organisation models are used by competition authorities to assess firm behaviour and market outcomes in real markets.
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Reading List
Academic papers will be indicated where appropriate. Where possible, we will use the textbook
Belleflamme, P. and M. Peitz. Industrial organization: markets and strategies. CUP, 2015 (2nd ed);
topics related to behavioural industrial organisation will refer to the book
Spiegler, R. Bounded rationality and industrial organisation. OUP, 2011.
Suitable additional textbooks include:
Church, G. and R. Ware. Industrial organization: a strategic approach. McGraw Hill, 2000.
Martin, S. Advanced industrial economics. Wiley, 2001.
Motta, M. Competition policy: theory and practice. Cambridge University Press, 2004.
Peppall, L.,D. Richards and G. Norman. Industrial organization: contemporary theory and empirical applications. Wiley, 2014 (5th ed).
Tirole, J. The theory of industrial organisation. MIT Press, 1988.
All CMA Documents are publicly available on the CMA website: https://www.gov.uk/government/organisations/competition-and-markets-authority |
Additional Information
| Course URL |
http://www.sgpe.ac.uk/ |
| Graduate Attributes and Skills |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | |
Course secretary | |
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